Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Bit Digital Inc’s stock clocked out at $1.94, down -4.43% from its previous closing price of $2.03. In other words, the price has decreased by -$4.43 from its previous closing price. On the day, 8.93 million shares were traded. BTBT stock price reached its highest trading level at $1.9995 during the session, while it also had its lowest trading level at $1.92.
Ratios:
To gain a deeper understanding of BTBT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.38 and its Current Ratio is at 5.38. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on January 21, 2025, initiated with a Buy rating and assigned the stock a target price of $6.
On October 24, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6.
On February 13, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.Northland Capital initiated its Outperform rating on February 13, 2024, with a $6 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTBT now has a Market Capitalization of 370999776 and an Enterprise Value of 281578816. As of this moment, Bit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.00, and their Forward P/E ratio for the next fiscal year is 9.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.28 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 2.619 whereas that against EBITDA is 4.746.
Stock Price History:
The Beta on a monthly basis for BTBT is 5.26, which has changed by -0.09767443 over the last 52 weeks, in comparison to a change of 0.09969199 over the same period for the S&P500. Over the past 52 weeks, BTBT has reached a high of $5.74, while it has fallen to a 52-week low of $1.69. The 50-Day Moving Average of the stock is -12.21%, while the 200-Day Moving Average is calculated to be -39.96%.
Shares Statistics:
It appears that BTBT traded 14.99M shares on average per day over the past three months and 10386280 shares per day over the past ten days. A total of 179.13M shares are outstanding, with a floating share count of 178.78M. Insiders hold about 2.17% of the company’s shares, while institutions hold 34.84% stake in the company. Shares short for BTBT as of 1744675200 were 31075495 with a Short Ratio of 2.07, compared to 1741910400 on 33290816. Therefore, it implies a Short% of Shares Outstanding of 31075495 and a Short% of Float of 17.41.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
